Schultz Returns as Starbucks CEO – News & Analysis – Food and Beverage – MCD – SBUX
Howard Schultz will move from his current position as chairman to become chief executive of the java giant, replacing Jim Donald, who is leaving the company….
Shares for Starbucks were jumping 9%, or $1.66, to $20.04 in after-hours trading.
Later this week I will reprint my RealMoney column from last Thursday, in which I said there are plenty of ways for patient investors to capitalize on a Starbucks investment based on the (then) current valuation levels. Even at $20+ I think patient investors will be rewarded.
Disclosure: Author is long Starbucks (SBUX) at time of publication.